- Market Commentary: After last week’s liquidation event, Bitcoin briefly rebounded but has continued to weaken, falling 9.13% over the past week on increased volume. If the price fails to recover above the $111,000 range, the next support may be around $109,000. Ethereum has declined 8.52% over the past week and has broken below the 30-day moving average, indicating a weakening short-term bullish momentum and a return to bearish market dominance. Among altcoins, most major tokens are trending downward, while sectors such as AI Framework and AI Applications have performed well, posting gains exceeding 48% over the past seven days.
- This Week’s Focus: During the recent sharp market pullback, stablecoins have acted as a key “liquidity buffer,” supporting overall fund flows in the crypto market. TRON’s core lending protocol, JustLend DAO, reported that its total value locked (TVL) has surpassed $7.82 billion, with over 477,000 users, reflecting steady improvements in asset security and user trust. Additionally, Taiwanese stablecoin infrastructure company OwlTing will debut on the NASDAQ Global Market this Thursday, marking it as one of the first Asian blockchain companies to list directly on a major U.S. exchange.
- Key Data Highlights: Polymarket on-chain activity recently surged 192%, with 56,000 daily active wallets. The Aave protocol’s stablecoin RLUSD total supply has climbed to 448 million tokens, a new all-time high, indicating strong market demand for Aave’s native yield-bearing stablecoin. Over the past 24 hours, $441 million worth of liquidations occurred across the network, highlighting extreme market volatility and large-scale liquidations on both sides.
- Next Week to Watch: Tokens ZRO, FTN, and ARB are scheduled to unlock approximately $47.3 million, $40.4 million, and $30.35 million over the next seven days, representing 23.1%, 4.6%, and 1.7% of circulating supply, which may create short-term price pressure.
Discover more details today → Gate Research: $441 Million in Liquidations Across the Market in the Past 24 Hours | Polymarket On-Chain Activity Surges
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Gate Team
October 16, 2025
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